Mortgage Calculator

It's hard to believe the Fed is targeting only mortgage rates and the housing market.

This morning, the better-than-expected housing starts and building permits numbers caused the currency markets to start viewing the dollar favorably again. Big selloffs in euros and gold happened, as the Federal Reserve hiking cycle is extrapolated into the future. Since the Fed has openly targeted housing, the idea is that if it's not slowing down due to low mortgage rates, they'll keep hiking the fed funds rate into oblivion. I don't know about that, but the short-term currency players think so.

Related Products: Visit our store

Read more from this blogger: Smart Money Moves?